Energy Costs are Continuing to Rise Across the Nation
When you begin to take a look at the amount of money that people spend on energy in the United States, two things become clear. The first thing you’ll notice is the fact that energy costs continue to rise. According to the Institute For Energy Research, residential energy prices increased 34 percent between 2005 and October 2015, a trend that has become all too common in the energy sector. Second, you will notice that there is a large discrepancy between the most energy-expensive states and the least energy-expensive states. While there are many factors that go into the pricing structure of electricity in a state, we here at RGS Energy feel as though people have been a slave to this system for far too long. For decades, people have had to put up with rising energy prices because, honestly, it isn’t like people can go without electricity and expect to live any semblance of a modern life. Electricity has become such an important part of our day to day lives that no matter how expensive it gets, people are going to do everything they can to make sure that they have access to power. In today’s post, we are going to take a look at the three most energy-expensive states that we service and go over some ways that residents in these states can lower their electricity bill.
Energy Production Struggles to Keep Up With Demand
Since its discovery, electricity has been a sought after commodity. When you get down to it, our modern society would not exist in the form that it does today if not for the discovery of how to harness and produce electricity. Like any resource that has caused a major shift in societal development, demand for electricity has only continued to rise as an increasing number of the machines, devices, and amenities we use on a day to day basis require electricity to function. Below, we have listed three states that we service where supply and demand for electricity have not exactly kept up with one another.
- Massachusetts: Historically, the New England area has always been one of the most expensive areas to live in relation to the cost of electricity. When looking at the data, Massachusetts residents pay around 19.5 cents per kilowatt hour for electricity, compared to 13.3 cents which is the national average. The regional government blames many factors for this discrepancy in pricing, citing the difficulty of transporting natural gas into the state to fire power plants as the most prominent factor.
- Rhode Island: Although Rhode Island is the smallest state in the Union, it has some of the highest energy related expenses. The average Rhode Islander can expect to shell out around $123 a month for electricity, a rate that is not horribly expensive yet, when compared to the amount of people that call Rhode Island home, is more than a little inflated.
- Connecticut: When looking at all the states, Connecticut is the most expensive state when it comes to energy expenses. Once again, the main factor that seems to contribute to the high prices of electricity in this state is related to the amount of demand that is placed on the system during peak hours. Connecticut makes use of natural gas for the majority of their energy production and, unfortunately, the transportation systems of the natural gas are limited in the amount of fuel that they can deliver at any given time. This results in residents of this state paying, on average, around $166 a month just for electricity.
How Can Residents Save on Electricity?
While there isn’t much that a person can do to affect the prices of electricity in their state, there are some steps that can be taken to help reduce the amount an individual household has to pay for power on a monthly basis. First, and most importantly, members of the household need to be aware of their energy consumption. A few lights left on during the day when no one’s home or keeping the air conditioner at a balmy 68 during the summer can quickly add up. Second, residents of these three states need to make sure that they have appliances that are as energy efficient as possible. Great strides have been made in the last decade when it comes to energy efficiency and hanging onto older appliances can end up adding hundreds of dollars to a home’s electricity bill over the course of a year. Lastly, installing solar panels goes a long way in reducing the amount of money that a household spends on energy. Though the initial cost of a solar array may seem expensive, when you look at the monthly payments on the solar panels they are, more often than not, lower than what most people pay for electricity. Additionally, these payments are fixed, meaning that they will not fluctuate like normal electricity bills.
If you are a resident of Massachusetts, Rhode Island, or Connecticut and would like to learn more about the solar installation services that we offer, please get in touch with us today at RGS Energy. Since 1978, we have been helping people make the switch to clean, renewable energy and have helped them decrease their dependence on municipal energy providers. Contact us today and let us show you what makes us one of the most trusted names in the solar energy business.